Your investment in a robust, fully-integrated, financial management and accounts payable process based on Oracle EBS and Oracle Fusion was a great move. You’re receiving the benefits of a flexible Chart of Accounts, multi-org access, global tax capabilities, good workflows, and integrated payments.
But if you’re like most Oracle Payables customers, 30-80% of your invoice volume is still manual, leading to higher cost and longer cycle time. Further, you have to make significant scanning efforts and review each invoice due to low OCR accuracy. And no matter how hard you work to onboard suppliers to your portal, many still prefer to email invoices to your AP inbox or put them in the mail. None of which helps you manage AP.
It doesn’t have to be like that.
Autonomous AP solutions from AppZen complements Oracle to provide a world-class accounts payable process for your manual and non-PO invoices. AppZen can provide world-class processing costs and cycle times, and process up to 80% of manual invoices without human review, enabling you to realize 80% efficiency and cost improvement in 3-6 months.
Up to 80% “zero review” autonomous processing of invoices received by email. Improve AP efficiency by up to 80% over the current baseline.
100% confidence for invoice data extraction. Pre-built, cross-enterprise AI, pre-trained on 60 million+ invoices and expense receipts.
Identify and realize additional savings, in the range of 0.5% - 1% of all third-party spend, before payment.
End-to-end autonomous processing of non-PO invoices, per your policies. Minimize manual intervention on invoice exceptions.
Predicts and assigns GL account segments with 100% guaranteed accuracy, based on understanding the spend and historical coding.
Works with the chosen way suppliers prefer to send invoices — by emailing you a PDF. There is no requirement to invest in cXML or portals.
From Emailed Invoice to OK to Pay in under 30 minutes.
AppZen integrates directly with your existing Oracle infrastructure, enabling you to get more value from your current investment.
AppZen provides Oracle-based AP teams with with precision accounts payable capabilities in our Mastermind AI that:
Lower invoice processing costs by up to 80%
Reduce invoice processing times from days to minutes
Learn why AI is a must for modern finance teams in our special edition e-book.
With AppZen, OPKO Health can review hundreds of thousands of transactions, giving them a level of visibility and risk management that they’ve never had before.
The aircraft maker’s Americas unit is digitizing the approval of expense reports and payment of invoices.
Calculate your ROI on auditing 100 percent of expenses and invoices, prior to payment, with artificial intelligence.See how you save